Comments for Papua New Guinea Mine Watchhttps://ramumine.wordpress.com
Monitoring the mining industry in Papua New GuineaFri, 08 Dec 2017 23:04:25 +0000hourly1http://wordpress.com/Comment on RTG Increases Its Interest in the Panguna Landowners Joint Venture Partner by A.I.T. Zetmanhttps://ramumine.wordpress.com/2017/12/09/rtg-increases-its-interest-in-the-panguna-landowners-joint-venture-partner/#comment-41992
Fri, 08 Dec 2017 23:04:25 +0000http://ramumine.wordpress.com/?p=21936#comment-41992I thought ABG, and possibly landholders, now owned Shares of BCL.
What would happen to those shares? Will they be sold to RTG?
]]>Comment on Locals file case to stop seabed mining by Gee Mailhttps://ramumine.wordpress.com/2017/12/08/locals-file-case-to-stop-seabed-mining/#comment-41985
Fri, 08 Dec 2017 08:06:03 +0000http://ramumine.wordpress.com/?p=21933#comment-41985Do these people have legal standing to bring a case? Thought the only landowner of this mining project was the PNG Government?
]]>Comment on UNEARTHING CORRUPTION RISKS IN MINING APPROVALS by Nalau Bingedinghttps://ramumine.wordpress.com/2017/12/06/unearthing-corruption-risks-in-mining-approvals/#comment-41954
Thu, 07 Dec 2017 03:04:33 +0000http://ramumine.wordpress.com/?p=21900#comment-41954The same happens here in PNG too. It is only those involved and God alone know what happens. People do sell their soul for a few dollars, just like Esau in the Bible selling his birthright for a pot of soup from his brother Jacob. But why conquer the whole world with money and lose your soul for eternity?
]]>Comment on Bougainville locals give thumbs up to RTG project; shares soar 83pc by Nigel Tribolethttps://ramumine.wordpress.com/2017/12/07/bougainville-locals-give-thumbs-up-to-rtg-project-shares-soar-83pc/#comment-41950
Thu, 07 Dec 2017 00:07:51 +0000http://ramumine.wordpress.com/?p=21911#comment-41950Abandon in 2016….rebel attacks in 2016…..you need to get the fact stated correctly with no ambiguity.

Nigel Tribolet

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]]>Comment on Formal Reconciliation of Mr Philip Miriori and Mr Lawrence Daveona by Bougainville locals give thumbs up to RTG project; shares soar 83pc | Papua New Guinea Mine Watchhttps://ramumine.wordpress.com/2017/12/06/formal-reconciliation-of-mr-philip-miriori-and-mr-lawrence-daveona/#comment-41948
Wed, 06 Dec 2017 22:39:03 +0000http://ramumine.wordpress.com/?p=21896#comment-41948[…] Mining hit 52-week highs on Tuesday after the junior explorer got the green light from Bougainville locals to start work on its copper and gold […]
]]>Comment on Parliament Defers MRA Bill by Moses Winingahttps://ramumine.wordpress.com/2017/12/06/parliament-defers-mra-bill/#comment-41933
Wed, 06 Dec 2017 09:14:59 +0000http://ramumine.wordpress.com/?p=21908#comment-41933Good as MPS are giving very helpful minds to get a very reliable mining act amended for our country.
]]>Comment on Supreme Court condemns PNG LNG as one of many ’large-scale frauds’ by Financial vultures circling PNG LNG expansion | Papua New Guinea Mine Watchhttps://ramumine.wordpress.com/2017/11/29/supreme-court-condemns-png-lng-as-one-of-many-large-scale-frauds/#comment-41916
Tue, 05 Dec 2017 23:44:07 +0000http://ramumine.wordpress.com/?p=21827#comment-41916[…] brewing in Hela over benefits from the first LNG project – a project the Supreme Court has condemned as a fraud – and the Konebada Petroleum Park Authority mired deep in allegations of corruption, how […]
]]>Comment on Tension forces ExxonMobil to send some workers home by Nigel Tribolethttps://ramumine.wordpress.com/2017/12/05/tension-forces-exxonmobil-to-send-some-workers-home/#comment-41912
Tue, 05 Dec 2017 03:03:18 +0000http://ramumine.wordpress.com/?p=21891#comment-41912Your figures of US$ 19B to PGK 374B obviously incorrect……..gives a bad impression of the value of kina. On that note of the need for accuracy, to say something on the never ending payment problems LO’s seem to face on most PNG projects……some blame rests with the operator, but basically it is always the government agencies who generally do receive the monies in trust but use paper work excuses etc to not pass on the funds to the LOC’s in a timely manner, hence the ongoing relationship problems and creating a bad impression of PNG generally for all would be developers including the most important partner in any development, the resource owners who make up the landowner companies.

Energy giant ExxonMobil​ has not paid a cent in corporate income tax in Australia in at least two years, despite reaping more than $18 billion from the nation’s natural resources, according to three of the company’s workplace unions.

Tax campaigners accuse the company of cashing in on Australia’s soaring gas prices, but avoiding paying tax on its profits by sending much of its money to a network of offshore companies, some based in notorious tax havens.

The company dismissed the unions’ claims as “misinformation” and said it paid state and federal royalties on its Australian operations as well petroleum resource rent tax and corporate tax.

But in Victoria, where ExxonMobil runs the giant Esso Longford gas plant supplying much of the east coast market, the state government wants an investigation, saying Australians expect a fair return from companies profiting from the nation’s natural resources.

Three unions fighting a bitter industrial dispute with the energy giant will launch a campaign in Canberra on Monday for the Commonwealth to investigate Exxon’s tax affairs.

The Electrical Trades Union, the Australian Manufacturing Workers’ Union and the Australian Workers Union recruited the Tax Justice Network (TJN) to examine Exxon’s tax affairs and say the network has uncovered tax avoidance on a massive scale.
The TJN says Exxon is more aggressive in minimising its tax than Chevron, which agreed to a settlement believed to be worth more than $1 billion this year, after being taken to court by the Australian Taxation Office

.Exxon is the latest large corporate player to be revealed using “related party loans” to its overseas entities to minimise or avoid Australian taxes, the unions and the TJN allege.
The network says it has uncovered a bewildering array of least 575 Exxon-linked companies incorporated in the Bahamas, one of the tax havens recently exposed in the “Paradise Papers” scandal, including at least three with direct links to Australia.

“Exxon could very well prove to be more aggressive than Chevron,” Mr Ward said on Sunday.

“The initial research shows Exxon is just as brazen about bending the rules to the point of being ridiculous and even less transparent.

“These natural resources belong to the Australian people and we should be getting more.

“Exxon hasn’t paid any corporate tax in two years, while reporting $18 billion in revenue.

“Now we know how they did it; by using notorious tax havens such as the Netherlands and the Bahamas, high-interest loans and other related party transactions.”

The tax avoidance claims mark an escalation in the industrial dispute at Longford in Gippsland where 230 employees have been battling the company for six months over a new workplace agreement that unions say slashes wages and conditions.

The union will bus workers and their families to federal Parliament on Monday to pressure MPs and senators for a full investigation of Exxon’s record of paying taxes in Australia.

But the company said on Sunday that the unions were engaged in a campaign of misinformation.

“ExxonMobil Australia’s entities have made a significant contribution to the Australian economy through the reliable supply of energy to fuel economic growth, as well as through direct tax and royalty payments to state and federal governments,” a spokesman said.

“Esso has paid more than $12 billion in Petroleum Resources Rent Tax to the federal government.

“When combined with corporate income tax during the past decade, this equates to more than 50 cents in the dollar tax paid.”

The company says it is not a party to the ongoing dispute in Victoria, which it says is between its contractor UGL and the unions.

Victorian Treasurer Tim Pallas said on Sunday that allegations of tax avoidance needed to be fully investigated.

“Victorians and Australians alike deserve fair compensation for our resources, in particular those that are exported overseas,” Mr Pallas said.

]]>Comment on Seabed mining would be disastrous: Professor by LES MANGIhttps://ramumine.wordpress.com/2017/12/01/seabed-mining-would-be-disastrous-prof/#comment-41872
Sun, 03 Dec 2017 03:17:37 +0000http://ramumine.wordpress.com/?p=21857#comment-41872It is good to note that Professor of our University has come out of his slumber to tell us about the potential effects of Deep Sea Mining in our waters and the Pacific. We need more than Public Lectures, we need their coordinated and proactive support to get the risk message across to the government to take remedial / mitigating actions while assisting strengthening the existing outdated mining laws to better serve our mining interest where citizens matter.
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